Business and consumer surveys
The downward movement of the economic climate indicator deepens and the Consumer confidence indicator declines
- October 2008
30 October 2008
The economic climate indicator accentuated the downward movement of the previous four months, recording the minimum value since September 2003. In October, all the sectors’ confidence indicators registered negative evolutions, more intensely in Manufacturing Industry and in Services.
The Consumer confidence indicator slightly decreased in October, after recovering in the previous two months. However, in monthly values, without using three-month moving averages, this indicator registered a strong decline in October, attaining the minimum value of the series started in 1986 (the same value as in last July). This behaviour may reflect the recent developments in the financial markets.